How to Trade Spinning Tops Candles Patterns - How to Analyze Spinning Tops Candles Pattern

Spinning Tops Candles Pattern

Spinning tops candles pattern have a small body with long upper & lower shadows. These spinning tops candles pattern are referred by this name because these candlestick patterns are similar to spinning tops spinning on a matchstick.

The upper and lower shadows of the spinning tops candlesticks patternare longer than the body. The example explained and illustrated below shows the spinning top candlesticks pattern. You can look for the spinning tops candles pattern in your MetaTrader 4 cfd charts. The example explained and illustrated below shows a screenshot to help cfd traders when it comes to learning and understanding these spinning tops candlesticks pattern formations.

How to Read Candle Charts Pattern - Spinning Tops Candle Pattern - How to Trade Spinning Tops Candles Patterns - How to Interpret Spinning Tops Candles Pattern

Color of the spinning top candles pattern isn't very important, this pattern show the indecision between buyers & sellers in the CFD market. When these spinning tops candlesticks patterns appear at the top of a cfd trend or at the bottom of the cfd trend it may trading signal that the trend is coming to an end and it might soon reverse & start going the other direction. However, it is best to wait for confirmation trading signals that the direction of a cfd trend has reversed before trading the signal from this spinning tops candlesticks pattern formation.

Spinning Tops Candle Reversal Patterns Formations on cfd Charts

At the top of an upwards cfds trend a black/red spinning top candlestick pattern shows that a trend reversal is more likely than when the color is white/blue.

At the bottom of a CFD downward cfd trend a white/blue spinning top candlestick pattern shows that a trend reversal is more likely than when the color is black/red.

This spinning top candlestick pattern reversal cfd signal is confirmed when the next cfd candlestick that forms after the spinning tops candlestick pattern closes below the neckline of the spinning tops candlestick pattern for a downward cfd trend reversal signal confirmation, and closes above the neckline of the spinning tops candlestick pattern for a reversal cfd signal in a downwards trend.

The spinning tops candles pattern neck line is:

• For an Upward CFD Trend - The open of the previous candle which was drawn just before spinning tops candle pattern.
• For a Downwards CFD Trend - The open of the previous candle which was drawn just before spinning tops candle pattern

Below is an example of this Japanese candlestick charting techniques where this spinning tops candlesticks pattern has formed and how to trade it. On the cfds chart below when the price moved above the neckline the cfd trend reversal signal given by the spinning tops candlestick pattern was confirmed and this was a good point to exit the short sell cfd trade.

Spinning Tops Candles Pattern on a Chart - Spinning Tops Candle Patterns - Spinning Tops Consolidation Candles Pattern - Reversal Candle Patterns - Spinning Tops Candles Patterns

The color of the spinning tops candle pattern formed is blue therefore meaning that a cfd reversal was more likely as opposed to if the color of the spinning tops candlestick pattern had been red.